What is BEP20?
BEP20, originally known as BEP2D (Binance Chain Evolution Proposal 2D), is a token standard used within the Binance Smart Chain. Binance Smart Chain is a blockchain network that enables the execution of smart contracts and decentralized applications (DApps) at a lower cost compared to other blockchain networks. BEP20 tokens operate on the Binance Smart Chain and play a crucial role in the growing DApps ecosystem within it.